{"id":3176,"date":"2023-01-19T15:06:33","date_gmt":"2023-01-19T15:06:33","guid":{"rendered":"http:\/\/roydadnaft.ir\/English\/?p=3176"},"modified":"2023-01-19T15:06:35","modified_gmt":"2023-01-19T15:06:35","slug":"saudi-crude-exports-slip-to-five-month-low-in-november","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/3176\/","title":{"rendered":"Saudi crude exports slip to five-month low in November"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\">\n<p>Saudi Arabia&#8217;s crude oil exports fell to a five-month low in November, while production also slipped, data from the Joint Organisations Data Initiative (JODI) showed on Thursday.<\/p>\n\n\n\n<p>The kingdom&#8217;s crude exports fell about 6.3% to 7.28 million barrels per day (bpd) in November from 7.77 million bpd in October, marking the first reduction in exports in the last six months.<\/p>\n\n\n\n<p>The world&#8217;s largest oil exporter&#8217;s crude production fell to 10.47 million bpd in November from 10.96 million bpd in the previous month.<\/p>\n\n\n\n<p>Saudi&#8217;s domestic crude refinery throughput decreased by 19,000 bpd to 2.660 million bpd in November, while direct crude burn rose 49,000 bpd to 429,000 bpd.<\/p>\n\n\n\n<p>OPEC oil output rose in December, a Reuters survey found on Wednesday, despite an agreement by the wider OPEC+ alliance to cut production targets to support the market.<\/p>\n\n\n\n<p>OPEC+, which comprises the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, last month had agreed to stick to a 2 million bpd oil output cut.<\/p>\n\n\n\n<p>Monthly export figures are provided by Riyadh and other OPEC members to JODI, which publishes them on its website.<\/p>\n\n\n\n<p>Chinese oil demand rose by nearly 1 million bpd from the previous month to 15.41 million bpd in November, its highest since February, the data showed.<\/p>\n\n\n\n<p>OPEC said on Tuesday\u00a0Chinese oil demandwould rebound this year due to relaxation of the country&#8217;s COVID-19 curbs and drive global growth, and it sounded an optimistic note on the prospects for the world economy in 2023.<\/p>\n\n\n\n<p>Advertisement \u00b7 Scroll to continue<\/p>\n\n\n\n<p>Saudi Arabian state oil producer Aramco\u00a0(2222.SE)\u00a0is discussing\u00a0investments in petrochemicals\u00a0with Chinese companies, Asharq reported citing an interview by the company&#8217;s chief executive with Bloomberg.<\/p>\n\n\n\n<p>Lately, oil prices have been caught in a tug-of-war between fears of a possible U.S. recession and optimism over China&#8217;s demand outlook.<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2023-01-19T15:06:35+00:00\"> 19 January 2023<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"Saudi Arabia&#8217;s crude oil exports fell to a five-month low in November, while production also slipped, data from the Joint Organisations Data Initiative (JODI) showed on Thursday. The kingdom&#8217;s crude exports fell about 6.3% to 7.28 million barrels per day (bpd) in November from 7.77 million bpd in October, marking the first reduction in exports [&hellip;]","protected":false},"author":1,"featured_media":3177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,36,19,16],"tags":[],"services":[],"class_list":["post-3176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-lastnews","category-news","category-oil"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/3176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=3176"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/3176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/3177"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=3176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=3176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=3176"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=3176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}